Notice2024-23409
Agency Information Collection Activity: VA Request for Determination of Reasonable Value
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
October 10, 2024
Issuing agencies
Veterans Affairs Department
Abstract
Veterans Benefits Administration, Department of Veterans Affairs (VA), is announcing an opportunity for public comment on the proposed collection of certain information by the agency. Under the Paperwork Reduction Act (PRA) of 1995, Federal agencies are required to publish notice in the Federal Register concerning each proposed collection of information, including each proposed extension of a currently approved collection, and allow 60 days for public comment in response to the notice.
Full Text
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<title>Federal Register, Volume 89 Issue 197 (Thursday, October 10, 2024)</title>
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[Federal Register Volume 89, Number 197 (Thursday, October 10, 2024)]
[Notices]
[Pages 82304-82305]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-23409]
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DEPARTMENT OF VETERANS AFFAIRS
[OMB Control No. 2900-0045]
Agency Information Collection Activity: VA Request for
Determination of Reasonable Value
AGENCY: Veterans Benefits Administration, Department of Veterans
Affairs.
ACTION: Notice.
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SUMMARY: Veterans Benefits Administration, Department of Veterans
Affairs (VA), is announcing an opportunity for public comment on the
proposed collection of certain information by the agency. Under the
Paperwork Reduction Act (PRA) of 1995, Federal agencies are required to
publish notice in the Federal Register concerning each proposed
collection of information, including each proposed extension of a
currently approved collection, and allow 60 days for public comment in
response to the notice.
DATES: Comments must be received on or before December 9, 2024.
ADDRESSES: Comments must be submitted through <a href="http://www.regulations.gov">www.regulations.gov</a>.
FOR FURTHER INFORMATION CONTACT:
Program-Specific information: Nancy J. Kessinger, 202-632-8924,
<a href="/cdn-cgi/l/email-protection#7d331c131e045336180e0e14131a180f3d0b1c531a120b"><span class="__cf_email__" data-cfemail="7a341b14190354311f090913141d1f083a0c1b541d150c">[email protected]</span></a>.
VA PRA information: Maribel Aponte, 202-461-8900,
<a href="/cdn-cgi/l/email-protection#95e3f4f6fae5f4e5f0e7e2fae7fee7f0f1e0f4f6e1d5e3f4bbf2fae3"><span class="__cf_email__" data-cfemail="ceb8afada1beafbeabbcb9a1bca5bcabaabbafadba8eb8afe0a9a1b8">[email protected]</span></a>.
SUPPLEMENTARY INFORMATION: Under the PRA of 1995, Federal agencies must
obtain approval from the Office of Management and Budget (OMB) for each
collection of information they conduct or sponsor. This request for
comment is being made pursuant to section 3506(c)(2)(A) of the PRA.
With respect to the following collection of information, VBA
invites comments on: (1) whether the proposed collection of information
is necessary for the proper performance of VBA's functions, including
whether the information will have practical utility; (2) the accuracy
of VBA's estimate of the burden of the proposed collection of
information; (3) ways to enhance the quality, utility, and clarity of
the information to be collected; and (4) ways to minimize the burden of
the collection of information on respondents, including through the use
of automated collection techniques or the use of other forms of
information technology.
Title: VA Request for Determination of Reasonable Value (VA Forms
26-1805, and 26-1805-1).
OMB Control Number: 2900-0045. <a href="https://www.reginfo.gov/public/do/PRASearch">https://www.reginfo.gov/public/do/PRASearch</a> (Once at this link, you can enter the OMB Control Number to
find the historical versions of this Information Collection).
Type of Review: Revision of a currently approved collection.
Abstract: VA utilizes Form 26-1805 (paper form) and 26-1805-1
(digital form) for lenders to request an appraisal and assign an
appraiser (i.e., ``ordering'' an appraisal), which ultimately provides
the appraiser with the authority to be on
[[Page 82305]]
the property to conduct the appraisal (i.e., an engagement letter).
This information collection request seeks to expand this data
collection clearance to encompass a modernized, end-to-end appraisal
management process. Under this ICR extension, VA will capture
information from lenders around when an appraisal has been ordered
(current VA Form 26-1805), but will also capture information and
workflow associated with the assignment, scheduling, and review of an
appraisal by VA or a lender. This process will be consistent with the
rest of the mortgage industry, and will align VA's appraisal process
with the industry standard.
Affected Public: Individuals and households.
Estimated Annual Burden: 467,100 hours.
Estimated Average Burden per Respondent: 9 minutes.
Frequency of Response: One-time per appraisal.
Estimated Number of Respondents: 519,000.
Authority: 44 U.S.C. 3501 et seq.
Dorothy Glasgow,
VA PRA Clearance Officer (Alt.), Office of Enterprise and Integration/
Data Governance Analytics, Department of Veterans Affairs.
[FR Doc. 2024-23409 Filed 10-9-24; 8:45 am]
BILLING CODE 8320-01-P
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